Scottsdale Arizona Medical Dental Office Sales

Scottsdale Arizona Medical Dental Office Sales June 2012-13

Scottsdale Arizona Medical Dental Office Sales 2013

Analyzing Scottsdale Arizona Medical Dental Office Sales for the period of June 2012-2013 yields 6 sales that occurred. The median sales price was $350,000 with a list price versus sales price of 90%. The median square footage of properties sold was 2,360 square feet while the median sales price of Scottsdale Arizona Medical Dental Office Sales sold was $164.16 per square foot. The marketing period median was 218 days.

Scottsdale Arizona Medical Dental Office Sales 2014

Scottsdale Arizona Medical Dental Office Sales

Analyzing Scottsdale Arizona Medical Dental Office Sales for the period of June 2013-2014 yields 4 sales that occurred. The median sales price was $185,320 with a list price versus sales price of 86%. The median square footage of properties sold was 1,866 square feet while the median sales price of Scottsdale Arizona Medical Dental Office Sales sold was $102.58 per square foot. The marketing period median was 329 days.

Scottsdale Arizona Medical Dental Office Sale Comparison 2013-2014

Characteristic

Marketing Year 2013

Marketing Year 2014

Increase/Decrease %

Number of Units Sold

6

4

-33%

Lowest Price

$229,000

$116,500

-49%

Highest Price

$825,000

$232,500

-72%

Median Sales Price

$350,000

$185,320

-47%

Smallest Square Footage

1,333

880

-34%

Highest Square Footage

6,332

2,730

-57%

Median Square Footage

2,360

1,866

-21%

Lowest Price/SF

$104.23

$84.71

-20%

Highest Price/SF

$191.48

$132.39

-31%

Median Price/SF

$164.16

$102.58

-38%

Median Days on Market

218

329

51%

Scottsdale Arizona Medical Dental Office Sale Comparison 2013-2014 Looking closely at the chart we see that due to the small size sampling of specifically the Scottsdale Arizona Medical Dental Office Sales market many of the numbers are somewhat skewed. However the two statistics that stand out are the median sales price per square foot at a decrease of 38% and the median days on the market of a 51% increase in the marketing time. Both of these numbers indicate a decreased demand during the Scottsdale Arizona Medical Dental Office Sales market period of 2014.

Comparison Overall To Scottsdale Medical/Dental Office Sales Market

Characteristic

Scottsdale 2013

Scottsdale 2014

Increase/Decrease %

Phoenix MSA 2013

Phoenix MSA 2014

Increase/Decrease

Number of Units Sold

6

4

-33%

41

29

-29%

Lowest Price

$229,000

$116,500

-49%

$75,500

$82,000

+9%

Highest Price

$825,000

$232,500

-72%

$1,950,000

$2,303,000

+18

Median Sales Price

$350,000

$185,320

-47%

$235,000

$232,500

-1%

Smallest Square Footage

1,333

880

-34%

792

800

0%

Highest Square Footage

6,332

2,730

-57%

23,408

7,751

-67%

Median Square Footage

2,360

1,866

-21%

2,622

2,184

-17%

Lowest Price/SF

$104.23

$84.71

-20%

$20.72

$25.70

+24%

Highest Price/SF

$191.48

$132.39

-31%

$191.48

$156.43

-18%

Median Price/SF

$164.16

$102.58

-38%

$75.36

$94.44

+25%

Median Days on Market

218

329

-51%

173

200

-16%

Comparison of Scottsdale Arizona Medical/Dental Office Sales Market to Phoenix MSA Medical/Dental Sales Market during the same time periods. With comparison to the Overall Phoenix Arizona Medical Dental Office Sales, we see some similarities and some disparities. While the Overall Phoenix Arizona Medical Dental Office Sales median sales price decreased by 1%, we see a decrease in the median sales price of Scottsdale Arizona Medical Dental Office Sales of some 47%. And while the Overall Phoenix Arizona Medical Dental Office Sales median price per square foot increased by 25%, we see the Scottsdale Arizona Medical Dental Office Sales median price per square foot decrease by 38%. These two comparisons indicate that the Scottsdale Arizona Medical Dental Office Sales may have not stabilized and reached the bottom of the market yet as compared to the rest of the Valley.

The information contained herein is from Arizona Realtors Multiple Listing Service. No warranties or representations are made as to its accuracy. Parties should make their own independent evaluation of market conditions and verification of sales information.

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